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Life is beautiful when it is enjoyed with your loved ones. To ensure happiness of your family, you must stick to a financial strategy combining both life insurance and health insurance policies. If you can’t afford individual health insurance for every member of the family, it is better to opt for a family floater health insurance policy. In the following paragraphs, we are going to highlight some of the best family health plansavailable in India.

A family floater health insurance is a single policy that covers many members of the same family. It comes with single premium facility once a year. In such health plans, you can allocate the sum assured among family members as per their health condition.

It is not always possible for us to take individual health insurance policies for every family member. Family Floater Health plans covers your whole family which saves the huge cost for individual plans without compromising the health coverage. Apart from medical expense coverage, such plans attract tax benefit under Section 80D of the Income Tax Act. Some family floater plans comes with the option of 100% restoration/top-up of sum assured in case you have exhausted the total sum assured for the same year.

This family health plan is designed to cover almost every one of your family including self, spouse, children, parents and parents-in-laws. The policy is available in two variants like Gold and Silver. It gives expenses related to hospitalization charge, attendant allowance (under Gold plan) and ambulance service charge.

In this plan, there is no maximum entry age and insured person need not to go for any medical examinations if he/she is below the age of 46 years. It includes self, spouse, children and parents. At least one proposer has to be 18+ while opting for the plan. The policy covers expenses related to hospitalization, medicine, surgery and room charges.

This family floater plan bears medical treatment cost of any insured family members admitted in the in-patient care. It covers both Pre and Post Hospitalization charges. It offers additional maternity benefit along with health insurance for the new-born. The plan does not have any entry age limit.

The policy covers both pre and post hospitalization charges. Pre—hospitalization will be covered for 60 days prior and post-hospitalization will be covered for maximum 180 days. It includes in-patient care for 24 hours and more. It comes with additional coverage for the donor at the time of organ transplant. A handsome amount can be availed if you choose shared accommodation in network hospitals.

Family Health Guard from Bajaj Allianz covers pre and post-hospitalization expenses. Pre-hospitalization cover will be given for 60 days prior while post-hospitalization covers up to 90 days. Insured member is eligible for up to Rs. 1000 as ambulance charge. Under this plan, the whole family can avail medical check-up for 4 consecutive years.